The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixDay-to-day, mining entrepreneurs are likely to express great confidence...Read More
Eastern promise for PolarXSPONSOREDpolarxCash and cash equivalents decreased $80.7 million during the quarter from $815.4 million to $734.7 million. Cash used in investing activities increased to $182 million from $150.7 million in the prior year period."This is a very exciting time for Lundin Mining. We are pleased with our results in the first quarter of 2019 with all mines operating well," said...Read More
Eastern promise for PolarXSPONSOREDpolarxCITIC is buying 153.8 million Ivanhoe shares at C$3.98 per share (C$612 million), a premium of 29% over the last closing price, which will boost its ownership stake from 19.3% to 29.9%.CITIC Metal's second major investment in Ivanhoe in less than a year will boost the company's available cash position to $1.3 billion when it closes in September, almost doub...Read More
"Get down on your knees like you used to!"Those were the words shouted at Oklahoma City Thunder point guard Russell Westbrook.They're racist and vile, and they won't just get you thrown out of a basketball game...They'll get you banned from the stadium.Fighting will, too. And so will throwing objects onto the field or court.Furthermore, the NFL extends bans to ALL of its stadiums. So, if you get k...Read More
Today we don the prophet's motley, climb atop our soapbox… and holler a thumping prediction.For we have indication - reliable indication - that an established trend will soon end. And that another will begin.But what established trend? How will it end? And why so all-fired important?Answers anon. But first an after-action report on today's combats...The bears won - if barely.The Dow Jones lo...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More
Is it time to prepare for the next financial crisis? Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial anal...Read More
NxGold Ltd. (TSXV:NXN) is pleased to annouce the initiation of the field program at the Mt Roe Gold Project located near Karratha in Western Australia.Read full newsRead More
Something's afoot...Read full newsRead More
Goldman could be facing the worst of all possible outcomes...Read full newsRead More
Even in an industry known to be high-risk, the sudden evaporation of more than a million ounces of gold raised eyebrowsRead full newsRead More
Even in an industry known to be high-risk, the sudden evaporation of more than a million ounces of gold raised eyebrowsRead full newsRead More
Caterpillar's earnings reaction pressured the Dow and S&P todayThe Nasdaq hit a record intraday high today thanks to blowout earnings for online retailer eBay (EBAY), but couldn't sustain this momentum into the close. The S&P 500 and Dow closed lower, too, pressured by a negative earnings reaction for Caterpillar (CAT) and big drops for energy stocks Exxon Mobil (XOM) and Chevron (CVX). Neverthele...Read More
Another lithium-ion battery has exploded, this time at an energy-storage complex in the U.S.At least 21 fires had already occurred at battery projects in South Korea, according to BloombergNEF. But this latest one, erupting on Friday at a facility owned by a Pinnacle West Capital Corp. utility in Surprise, Arizona, marked the first time it has happened in America since batteries took off globally....Read More
The world's top copper miner Codelco has added its first hybrid dumptruck to its fleet at its El Teniente mine, the company said on Wednesday, in a global mining industry that is increasingly seeking to reduce its emissions and environmental footprint.The so-called Load-Haul-Dump truck, known as an LHD, built by Japanese equipment manufacturer Komatsu, is expected to boost productivity by 10% to 2...Read More
SAP stock is higher on activist investor newsThe Dow is trading modestly lower this afternoon as Wall Street weighs the latest batch of blue-chip earnings. Among individual stocks in focus today are satellite radio service Sirius XM Holdings Inc (NASDAQ:SIRI), German software firm SAP SE (NYSE:SAP), and California utility name PG&E Corporation (NYSE:PCG). Here's a quick look at what's moving the s...Read More
First Vanadium (TSXV: FVAN) has extended its Carlin vanadium deposit in Nevada by 300 metres, or 15%, to the south with newly acquired historical data. The strike length of the deposit now totals more than 2.1 kilometres.The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.Two historical holes and trenches completed by the property's previous owner,...Read More
First Vanadium (TSXV: FVAN) has extended its Carlin vanadium deposit in Nevada by 300 metres, or 15%, to the south with newly acquired historical data. The strike length of the deposit now totals more than 2.1 kilometres.The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.Two historical holes and trenches completed by the property's previous owner,...Read More
"Governing Council judges that an accommodative policy interest rate continues to be warranted,"Read full newsRead More